Islamabad, June 08, 2016 (PPI-OT):A certain section of the media has carried a news story today regarding senior functionaries of the Ministry of Foreign Affairs which is totally false, irresponsible […]

Islamabad, June 08, 2016 (PPI-OT):The Interior Minister Ch. Nisar Ali Khan pressed NADRA to ensure that set timelines are strictly followed for launch of the CNIC re-verification drive across Pakistan. […]

Ankara, June 08, 2016 (PPI-OT):Deputy Chief of the Air Staff (Operations) of Pakistan Air Force (PAF), Air Marshal Mujahid Anwar Khan attended the Turkish Air Force’s multinational exercise Anatolian Eagle […]

Key Findings — One-third of organizations have experienced a data breach in past 12 months — 69% of IT professionals are not confident their data would be secure if perimeter defenses were breached — 66% of IT professionals say unauthorized users can access their networks and 16% believe unauthorized users have access to their entire […]

Karachi, Packages Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on June 15, 2016 at Karachi. The agenda of the meeting shall be consideration of notice for redemption of preference shares. Further, the closed period of the company shall be from June 08, 2016 to June 15, 2016 (both days inclusive). Packages Limited is a public limited company incorporated in Pakistan. The company is principally engaged in the manufacture and sale of paper, paperboard, packaging materials and tissue products. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. On September 17, 2012 the company has entered into a 50/50 joint venture with the ‘Stora Enso OYJ Group’ of Finland in its 100% wholly owned subsidiary Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper & Paperboard and Corrugated business operations at Kasur and Karachi and will involve initial equity participation of Stora Enso of 35% by way of subscription of right shares with a commitment to increase the shareholding to 50% at a later stage subject to certain conditions being met. The company also decided to close down its Paper and Paperboard operations in Lahore which has divided the business into continuing and discontinued operations. The symbol “PKGS” is being used by the stock exchanges for the shares of Packages Limited.

Karachi, National Investment Trust Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on June 15, 2016. The agenda of the meeting shall be consideration of interim dividend for NI(U)T Fund, NIT Government Bond Fund, NIT Income Fund and NIT-Islamic Equity Fund and NIT Government Treasury Fund. Further, the closed period of the company shall be from June 14, 2016 to June 15, 2016. The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962, had Funds under management of approximately Rs. 90 billion, with around 54,679 unit holders as on April 29, 2016. NIT’s distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan. The symbol “OEFNITGBF” is being used by the stock exchange for the shares of NIT Government Bond Fund.

Karachi, National Investment Trust Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on June 15, 2016. The agenda of the meeting shall be consideration of interim dividend for NI(U)T Fund, NIT Government Bond Fund, NIT Income Fund and NIT-Islamic Equity Fund and NIT Government Treasury Fund. Further, the closed period of the company shall be from June 14, 2016 to June 15, 2016. The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962, had Funds under management of approximately Rs. 90 billion, with around 54,679 unit holders as on April 29, 2016. NIT’s distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan. The symbol “OEFNITIF” is being used by the stock exchange for the shares of NIT Income Fund.